SB

I also understand your point about mania pricing. However, the majors have been through boom and bust cycles before in the metals business---very unlike the boom only phase that was the tech bubble. The majors are very conservative and will probably not look to overpay based on the 'its only going higher' mantra. Look at some of the buyout prices going on now----very low compared to potential value. This also has the potential to occur with Kimber.

Just a possible scenario to remmeber. However, I like your possibilities better............